Early Promise From Trenching Programme In Queensland
Cannindah Resources Limited (ASX: CAE) has commenced drilling at the highly prospective Piccadilly Gold Project in Queensland, Australia.
The initial programme will cover approximately 23 locations with over 2500m of RC holes. The first batch of samples have been delivered back to the company’s consulting geologists at Terra Search over the weekend for sorting prior to being sent to the lab for assay.
Executive Chairman, Tom Pickett, said the recent trenching results have provided excellent targets for follow up and the company intends to pursue these targets with current drilling along with other areas of interest within the project.
“It was fantastic to witness the drilling activity on site at the Piccadilly project over the weekend,” Mr Pickett said.
“I am particularly pleased to have samples heading to the lab so soon. Cannindah Resources looks forward to updating shareholders with the outcome of this drilling programme as soon as assaying and reporting of results has been completed by our consulting geologists.”
The Piccadilly project consists of one mining lease (ML1442) and two EPMs (16198 and 18322). The project is well placed within the Charters Towers region, approximately 80km from Townsville.
